Families facing up to the spiralling cost of living are being targeted by predatory loan sharks who pose as friends and even using social media influencers to trap new victims.
It is estimated more than a million people are in debt to illegal money lenders, a number that has trebled in the past decade.
Investigators are concerned that the rising cost of living will push people who would not normally seek an underground loan to do just that.
Tony Quigley, head of England Illegal Money Lending Team, said: “One of the things we’re fearful of obviously is with the current situation around energy prices and inflation is that more people will be tempted to use this type of lender.”
Illegal lenders are increasingly operating on social media to entice and then exploit victims, sending threatening messages and shaming and manipulating them on group chats.
One convicted loan shark used an influencer to attract victims.
Loan sharks are also snaring victims by posing as friends who simply want to help out with cash loans before ramping up extortionate and arbitrary interest rates.
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£50 loan that spiralled to thousands
One woman, a mother of three, was offered a £50 loan by a woman she met at the school gate.
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The debt quickly spiralled and she ended up paying thousands in cash with no records kept.
“I was stressed over the repayments,” she said. “I knew I had to pay her back because I have seen what she had done to other people if they didn’t pay her back. She made it her business to know exactly what money went into my bank.
“I got to the point of wanting to end everything. I was very suicidal and didn’t know who to go to. There were threats on my life and on my home. I had windows put in and I would get messages off people bullying me because she had sent them to my door, she even used local youths in the area as a campaign of terror.”
Image: A suspected loan shark is arrested
‘Likely an illegal lender is someone you know’
The woman’s experience matches what was found in a study by the Centre for Social Justice, a think tank.
Matthew Greenwood, its head of debt, said: “I think the most startling thing that we uncovered was that over half of people who borrow from an illegal lender said that they perceived this person to be their friend when they first borrowed.
“There’s a sort of perception that every illegal lender is someone in a hoodie in a dark alley and while those people certainly do exist, it’s far more likely that an illegal lender is someone you know, rather than someone you’ve met for the first time.”
The study found that most victims have an income below £20,000, two-thirds already owe money to legal creditors, three-quarters are on benefits and two-thirds have a long-term health condition.
Image: Tony Quigley said his team has seen ‘some horrendous things’
‘Pay me, don’t feed your children’
Experts say the crime is so widespread and hidden that victims are too scared or ashamed to report their experiences. The large sums of money and extortionate rates of interest take a psychological toll, leaving victims feeling trapped and helpless.
“We’ve seen some horrendous things that people have been subjected to,” Mr Quigley said. “We’ve had instances in the past where the loan shark has said to individuals: ‘Pay me, don’t feed your children.’
“We’ve also seen illegal lenders who have said they’ll send men round and they can pay the debt off through sexual favours so it is just hideous.”
The England Illegal Money Lending team, which was set up in 2004 and runs the Stop Loan Sharks helpline, is a specialist team of law enforcement officers combatting illegal lending and associated crime.
It has prosecuted more than 400 cases and written off £90m in illegal debt.
The train crew member who was seriously injured while trying to protect passengers during a mass stabbing has been discharged from hospital.
Samir Zitouni, 48, known as Sam, was working on board the London North Eastern Railway (LNER) train from Doncaster to London when the attack began in Cambridgeshire on Saturday 1 November.
Mr Zitouni had been in a critical condition, having suffered multiple injuries in the incident, but was discharged on Saturday.
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Mahmood praises rail worker
His family said: “We are so grateful for the outpouring of support from the public, and very touched by all the kind words about Sam’s brave actions on the night of the attack.
“While we are really happy to have him home, he still has a significant recovery ahead and we would now like to be left in privacy to care for him as a family.”
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Train mass stabbing: A timeline of events
David Horne, managing director at LNER, said: “In a moment of crisis, Sam did not hesitate as he stepped forward to protect those around him.
“His actions were incredibly brave, and we are so proud of him, and of all our colleagues who acted with such courage that evening. Our thoughts and prayers remain with Sam and his family. We will continue to support them and wish him a full and speedy recovery.”
The attack is understood to have started shortly after the train left Peterborough, with passengers pulling the emergency alarms on the LNER service.
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Police believe train attacker filmed waving knife
Train driver Andrew Johnson, who served in the Royal Navy for 17 years, contacted a signaller and requested an unscheduled stop at Huntingdon station.
11 people were treated in hospital after the mass stabbing – nine were initially reported as having life-threatening injuries.
Anthony Williams, 32, was remanded into custody at Peterborough Magistrates’ Court on November 3, charged with 10 counts of attempted murder over the incident.
He will appear at Cambridge Crown Court on 1 December.
Donald Trump has said he will sue the BBC for between $1bn and $5bn over the editing of his speech on Panorama.
The US president confirmed he would be taking legal action against the broadcaster while on Air Force One overnight on Saturday.
“We’ll sue them. We’ll sue them for anywhere between a billion (£792m) and five billion dollars (£3.79bn), probably sometime next week,” he told reporters.
“We have to do it, they’ve even admitted that they cheated. Not that they couldn’t have not done that. They cheated. They changed the words coming out of my mouth.”
Mr Trump then told reporters he would discuss the matter with Prime Minister Sir Keir Starmer over the weekend, and claimed “the people of the UK are very angry about what happened… because it shows the BBC is fake news”.
The Daily Telegraph reported earlier this month that an internal memo raised concerns about the BBC’s editing of a speech made by Mr Trump on 6 January 2021, just before a mob rioted at the US Capitol building, on its flagship late-night news programme.
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BBC crisis: How did it happen?
The concerns regard clips spliced together from sections of the president’s speech to make it appear he told supporters he was going to walk to the US Capitol with them to “fight like hell” in the documentary Trump: A Second Chance?, which was broadcast by the BBC the week before last year’s US election.
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Following a backlash, both BBC director-general Tim Davie and BBC News chief executive Deborah Turness resigned from their roles.
‘No basis for defamation claim’
On Thursday, the broadcaster officially apologised to the president and added that it was an “error of judgement” and the programme will “not be broadcast again in this form on any BBC platforms”.
A spokesperson said that “the BBC sincerely regrets the manner in which the video clip was edited,” but they also added that “we strongly disagree there is a basis for a defamation claim”.
Earlier this week, Mr Trump’s lawyers threatened to sue the BBC for $1bn unless it apologised, retracted the clip, and compensated him.
Image: The US president said he would sue the broadcaster for between $1bn and $5bn. File pic: PA
Legal challenges
But legal experts have said that Mr Trump would face challenges taking the case to court in the UK or the US.
The deadline to bring the case to UK courts, where defamation damages rarely exceed £100,000 ($132,000), has already expired because the documentary aired in October 2024, which is more than one year.
Also because the documentary was not shown in the US, it would be hard to show that Americans thought less of the president because of a programme they could not watch.
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Sky’s Katie Spencer on what BBC bosses told staff on call over Trump row
Newsnight allegations
The BBC has said it was looking into fresh allegations, published in The Telegraph, that its Newsnight show also selectively edited footage of the same speech in a report broadcast in June 2022.
A BBC spokesperson said: “The BBC holds itself to the highest editorial standards. This matter has been brought to our attention and we are now looking into it.”
This breaking news story is being updated and more details will be published shortly.
A man has been given a 13-month prison sentence for stealing Banksy’s famous Girl With Balloon print from a London gallery.
Larry Fraser, 49, of Beckton, east London, was sentenced on Friday after pleading guilty to one count of non-residential burglary at Kingston Crown Court on 9 October.
The print, one of the street artist‘s most famous, was stolen from a gallery in New Cavendish Street in London at around 11pm on 8 September last year.
Image: The recovered artwork back in the gallery. Pic: Metropolitan Police
Fraser used a hammer to smash his way through a glass entrance door at the Grove Gallery before stealing the artwork, which was valued at £270,000.
He concealed his identity with a mask, hooded jacket and gloves, but the Metropolitan Police’s Flying Squad was able to identify him and track him to a location streets away.
He was also caught on CCTV loading the artwork into a van before fleeing the scene.
A second man, 54-year-old James Love, was accused of being the getaway driver in the burglary, but cleared of stealing the print.
Image: Larry Fraser. Pic: Metropolitan Police
Image: Damage to the Grove Gallery after the theft. Pic: Metropolitan Police
Fraser was arrested at his home address on 10 September, within 48 hours of the burglary, and charged the next day.
Officers were able to recover the artwork after executing a warrant on the Isle of Dogs. It has now been returned to the gallery.
Fraser pleaded to the court that he was struggling with a historic drug debt and agreed to steal the work “under a degree of pressure and fear”.
He said he did not know what he would be stealing, nor its value, until the day of the offence.
Image: Fraser was caught on CCTV taking the artwork away from the gallery. Pic: Metropolitan Police
Jeffrey Israel, defending, said Fraser lived with his mother as her principal carer, and had only managed to “break his cycle of drug addiction” after his last prison sentence.
He added that it “would take a bold advocate” to suggest that the value of the print had increased by the burglary, but insisted “that is probably the reality”.
Judge Anne Brown was unmoved, however, and said the offence was “simply too serious” for a suspended sentence.
“This is a brazen and serious non-domestic burglary,” she said.
“Whilst you did not know the precise value of the print, you obviously understood it to be very valuable.”
She added: “Whilst I am sure there was a high degree of planning, this was not your plan.”
However, Fraser may be eligible for immediate release due to time spent on electronic curfew.
Detective Chief Inspector Scott Mather, who led the Met’s investigation, said: “Banksy’s Girl With Balloon is known across the world – and we reacted immediately to not just bring Fraser to justice but also reunite the artwork with the gallery.
“The speed at which this took place is a testament to the tireless work of the flying squad officers – in total it took just four days for normality to be restored.”
The 2004 artwork was part of a £1.5m collection of 13 Banksy pieces at the gallery.
Gallery manager, Lindor Mehmetaj, said it was “remarkable” for the piece to have been recovered after the theft.
The 29-year-old said: “I was completely, completely shocked, but in a very, very positive way when the Flying Squad showed me the actual artwork.
“It’s very hard to put into words, the weight that comes off your shoulders.”